We are especially conscientious regarding money details.
As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work diligently to make sure that each property owner has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: Rent Manager.
It is our practice to process and deposit rents on the same day they are received. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Claremont Rental Management Resources
Basics
Fundamental information regarding rental managment in Claremont.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Claremont fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Claremont
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
Clients
Who uses Nesbitt Realty management services?
Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.
In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.
Should you understand more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who needs to learn more about Claremont and neighboring areas. The Guide to Real Estate includes facts regarding what has sold and what is for sale, as well as a few surprising facts that you may not know. And, our Guide highlights some fundamentals of living in Claremont. Of course, all of this is useful for buyers and sellers, but owners and renters will likely also find this information to be somewhat edifying.